| Interest rates keep climbing higher and higher. In fact, last month, the Federal Reserve decided to raise the federal funds rate for the sixth time this year. The Fed's doing this to fight inflation, but for consumers, it makes borrowing money a whole lot more expensive. And it's especially problematic if you're currently paying off credit card debt. Here's why -- most credit cards have a variable APR which means the interest rate can go up or down. And when the Fed hikes interest rates, credit card companies do the same, and any debt you have on your cards starts costing you more money. So what can you do? A solution to consider is a balance transfer credit card -- like this expert pick -- which offers a 0% intro APR on balance transfers well into 2024. After that time, the go-to-variable rate applies, but you'll have nearly two years before that kicks back in. When you get this type of card, you can transfer over your current credit card balances to it. That means instead of paying an interest rate of, say, 20% or more, you get to pay 0% for the entire introductory period. Depending on how much debt you have, that could help you avoid thousands of dollars in interest charges. This balance transfer credit card has one of the longest 0% intro APR offers we've seen. The money you could save on interest alone makes this card well worth it, but it also offers these other valuable features: - A 0% intro APR on new purchases (the go-to-variable rate applies once the intro period ends)
- $0 annual fee to keep your extra costs to a minimum
- Perks designed to give you flexibility and peace of mind
One of the most effective ways to pay off credit card debt is with a balance transfer offer. And the sooner you do it, the sooner you can stop paying those hefty interest charges. Ready to find out more? Check out our full review here for a detailed look at this balance transfer card. | 
